Great Western Bancorp Inc (GWB) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its stake in Great Western Bancorp Inc (NYSE:GWB) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,995 shares of the bank’s stock after selling 2,260 shares during the period. California Public Employees Retirement System owned 0.25% of Great Western Bancorp worth $5,985,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Macquarie Group Ltd. raised its holdings in shares of Great Western Bancorp by 8.1% in the third quarter. Macquarie Group Ltd. now owns 3,574,672 shares of the bank’s stock worth $147,562,000 after buying an additional 269,230 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Great Western Bancorp by 17.8% in the third quarter. Bank of New York Mellon Corp now owns 3,044,994 shares of the bank’s stock worth $125,698,000 after buying an additional 460,107 shares during the last quarter. State Street Corp raised its holdings in shares of Great Western Bancorp by 10.6% in the second quarter. State Street Corp now owns 2,699,137 shares of the bank’s stock worth $110,148,000 after buying an additional 259,443 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Great Western Bancorp by 6.4% in the second quarter. JPMorgan Chase & Co. now owns 2,445,666 shares of the bank’s stock worth $99,807,000 after buying an additional 147,426 shares during the last quarter. Finally, Westwood Holdings Group Inc. raised its holdings in shares of Great Western Bancorp by 13.3% during the second quarter. Westwood Holdings Group Inc. now owns 1,796,874 shares of the bank’s stock worth $73,157,000 after purchasing an additional 210,971 shares during the last quarter.

In other Great Western Bancorp news, insider Kenneth James Karels sold 2,633 shares of Great Western Bancorp stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $41.18, for a total value of $108,426.94. Following the completion of the transaction, the insider now owns 68,335 shares of the company’s stock, valued at $2,814,035.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bryan Leighton Kindopp sold 2,356 shares of Great Western Bancorp stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $40.95, for a total transaction of $96,478.20. The disclosure for this sale can be found here. Insiders sold 45,838 shares of company stock valued at $1,894,520 in the last ninety days. 0.23% of the stock is owned by corporate insiders.

Great Western Bancorp Inc (NYSE GWB) opened at $40.76 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.43. Great Western Bancorp Inc has a fifty-two week low of $33.27 and a fifty-two week high of $45.62. The stock has a market cap of $2,341.79, a price-to-earnings ratio of 16.57, a P/E/G ratio of 2.00 and a beta of 1.69.

Great Western Bancorp (NYSE:GWB) last issued its earnings results on Thursday, October 26th. The bank reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Great Western Bancorp had a net margin of 29.09% and a return on equity of 8.45%. The firm had revenue of $116.50 million during the quarter, compared to analysts’ expectations of $117.75 million. During the same quarter last year, the company posted $0.57 earnings per share. analysts forecast that Great Western Bancorp Inc will post 2.59 EPS for the current year.

Several brokerages recently issued reports on GWB. Zacks Investment Research raised shares of Great Western Bancorp from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Wednesday. Keefe, Bruyette & Woods reissued a “buy” rating and set a $47.00 target price on shares of Great Western Bancorp in a report on Thursday, December 21st. ValuEngine raised shares of Great Western Bancorp from a “hold” rating to a “buy” rating in a report on Monday, December 4th. Deutsche Bank raised their target price on shares of Great Western Bancorp from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, B. Riley cut shares of Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 target price for the company. in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.30.

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About Great Western Bancorp

Great Western Bancorp, Inc is a full-service regional bank holding company. The Company is the holding company of the Great Western Bank (the Bank). As of September 30, 2016, the Company served customers through 173 branches in various markets in Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota.

Institutional Ownership by Quarter for Great Western Bancorp (NYSE:GWB)

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